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2016-10-14 06:04:03

SHLD

Sears

$10.58

-0.29 (-2.67%)

06:04

10/14/16

10/14

06:04

10/14/16

06:04

Sears promotes Jason Hollar to CFO

Sears announced that Jason Hollar has been promoted to CFO, effective immediately. The company previously announced in May that Robert Schriesheim would be departing from his position with the company to focus on his other business interests and pursue other career opportunities. Hollar joined Sears Holdings in October 2014 as senior vice president, finance.

SHLDSears

$10.58

-0.29 (-2.67%)

02/09/16

EVER

02/09/16NO CHANGEEVER

Sears is not a viable retailer, says Evercore ISI

Evercore ISI does not believe Sears is a viable retailer in its current form, and a liquidity event is a matter of when, not if. The firm's analyst said Sears' cash situation has deteriorated, making additional debt issuance more likely in 2016 with a larger liquidity event possible in 2017. Evercore has a base case of $4 per share on Sears based on its SOTP analysis.

02/09/16

EVER

02/09/16NO CHANGEEVERSell

Sears liquidity event a matter of 'when, not if,' says Evercore ISI

Evercore ISI analyst Greg Melich said the preliminary Q4 financials released by Sears showed comparable sales were worse than he expected at the flagship brand and at Kmart and that its margins were also worse than he thought. Sear's cash situation has gotten worse, making additional debt issuance more likely in 2016, Melich tells investors, adding that he believes "a liquidity event is a matter of when not if," and may be possible in 2017 at the current burn rate. The analyst keeps a Sell rating on Sears shares.